G Outlook ull? 10:14 AM instructure-uploads.s3.amazonaws.com 14% Exercise 6 Answ

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G Outlook ull? 10:14 AM instructure-uploads.s3.amazonaws.com 14% Exercise 6 Answers 1. Supply side trickle down 2. Supply 3. GDP 4. Land, Labor, Capital. 5. Discretionary 6. Economics 7. A. What goods and services to produce, B. How to produce them, C. Who gets them 8. Microeconomics 9. Adam Smith 10. Opportunity cost 11. Demand 12 13. Trumpnomics 14. Discount rate 15. Federal Reserve 16. Peak, recession bottom, expansion. 17. Discouraged workers 18. Deficit 19. Economist in chief 20. Real 21. Business Cycle 22. Josef Schumpeter 23. John M. Keynes 24. Defense 25. Nominal 26. Mandatory entitlement 27. Surplus 28. Classical model 29. Bill Clinton 30. Protect 31. Government spending 32. Fed funds rate 33. Debt 34. Reaganomics 35. Inflation 36. Monetarist 37. Reserve requirement ratio, discount rate, and Open market operations 38. Laissez Faire 39. Roosevelt, Kennedy, Obama 40. TARP, American Recovery and Reinvestment Act (G up) and Fed rate cuts. 41. Keynesian model. 42. Milton Friedman 43. Free and competitive 44. Keynesian bottom up 45. Hoover, Coolidge, and Harding. 46. Tariff 47. Laffer 48. Comparative advantage 49. Demographic Tsunami and taxation

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